Brokerages expect Booz Allen Hamilton Hldg (NYSE:BAH) to report sales of $1.68 billion for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Booz Allen Hamilton’s earnings, with estimates ranging from $1.64 billion to $1.76 billion. Booz Allen Hamilton posted sales of $1.58 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 28th.
According to Zacks, analysts expect that Booz Allen Hamilton will report full year sales of $1.68 billion for the current year, with estimates ranging from $6.17 billion to $6.29 billion. For the next year, analysts expect that the business will report sales of $6.56 billion per share, with estimates ranging from $6.51 billion to $6.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Booz Allen Hamilton.
Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Booz Allen Hamilton had a return on equity of 50.81% and a net margin of 4.68%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 6.8% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Cowen reiterated a “buy” rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a research note on Monday, February 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $41.61.
Shares of BAH stock traded down $0.01 during trading hours on Wednesday, hitting $38.83. The company had a trading volume of 704,827 shares, compared to its average volume of 889,062. Booz Allen Hamilton has a 12 month low of $31.06 and a 12 month high of $40.25. The firm has a market cap of $5,634.23, a P/E ratio of 22.19, a P/E/G ratio of 1.55 and a beta of 1.25. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 3.14.
In related news, CFO Lloyd Howell, Jr. sold 22,624 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $40.25, for a total transaction of $910,616.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ralph W. Shrader sold 200,000 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $38.92, for a total value of $7,784,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 383,131 shares of company stock worth $15,047,125. 3.04% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. First Trust Advisors LP grew its position in Booz Allen Hamilton by 3,184.4% during the 4th quarter. First Trust Advisors LP now owns 631,557 shares of the business services provider’s stock worth $24,081,000 after acquiring an additional 612,328 shares during the last quarter. Channing Capital Management LLC boosted its position in Booz Allen Hamilton by 21.9% in the 4th quarter. Channing Capital Management LLC now owns 2,260,744 shares of the business services provider’s stock valued at $86,208,000 after buying an additional 406,171 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Booz Allen Hamilton by 61.4% in the 4th quarter. Thrivent Financial For Lutherans now owns 965,963 shares of the business services provider’s stock valued at $36,832,000 after buying an additional 367,413 shares during the last quarter. AXA bought a new position in Booz Allen Hamilton in the 3rd quarter valued at $13,359,000. Finally, Renaissance Technologies LLC bought a new position in Booz Allen Hamilton in the 4th quarter valued at $10,615,000. Institutional investors and hedge funds own 93.55% of the company’s stock.
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About Booz Allen Hamilton
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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